The Central Bank of Nigeria (CBN) has reported a substantial surge of 284.6% in the volume of eNaira in circulation, reaching N9.78 billion in August, as revealed in the bank’s recently released ‘Economic Report’ for the same month. Traditional notes … Continue reading eNaira surges 284%, while traditional notes decline to N2.7tn – CBN
A recent report has raised alarm bells regarding Nigeria’s central bank digital currency, eNaira, despite its success in addressing the country’s financial inclusion gap. Launched nearly two years ago, eNaira has made strides, but the report, titled “Economics of Digital … Continue reading CBN report warns of financial stability threat from eNaira
The Central Bank of Nigeria has extended its eNaira sensitization campaign to women during the Law Ladies Day program at the University of Lagos. The initiative aimed to encourage the adoption of eNaira, the country’s central bank digital currency, among … Continue reading CBN empowers women with eNaira training at law ladies day
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has expressed concern about the unknown consequences that could arise from the introduction of retail central bank digital currencies (CBDCs). In an interview at the Milken Institute’s 2023 Global … Continue reading CBN’s eNaira records N1.4m transactions as IMF sounds caution
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